LT Foods Limited announced an inter-se transfer of shares among its promoters and promoter group via a gift. The transaction involves 1,154,405 equity shares. This transfer will be conducted off-market. The aggregate holding of the promoter and promoter group will remain unchanged after this transaction.
Promoter Shareholding Adjustment
A share transfer is occurring within the promoter group of LT Foods Limited. This involves an inter-se transfer of 1,154,405 equity shares, facilitating an adjustment in shareholding among the promoters.
Details of the Share Transfer
The transfer, classified as a gift, involves Mr. Surinder Kumar Arora transferring shares to Mr. Ashwani Kumar Arora, both of whom are part of the promoter group. The proposed transfer is expected to occur on or after January 2, 2026. No consideration will be involved as the transfer is executed as a gift.
Impact on Shareholding
Prior to this transfer, both Mr. Ashwani Kumar Arora and Mr. Surinder Kumar Arora held 22,986,920 shares, representing 6.62% of the total share capital. Following the transfer, Mr. Ashwani Kumar Arora’s holdings will increase to 24,141,325 shares (6.95%), while Mr. Surinder Kumar Arora’s holdings will decrease to 21,832,515 shares (6.29%). The overall promoter group holding remains constant.
Source: BSE
